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Economy /

China Economy

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Belt and Road Initiative
Asia housing and property
US-China trade war
Molten steel sparks fly at a factory in Huaian, Jiangsu province. Photo: AFP
China exports

Deals of steel: how China’s price-setting agreements are easing trade tempers

Chinese exporters agree to raise prices to avoid anti‑dumping duties, echoing earlier electric vehicle agreement with European Union.

Two Sessions 2026

China’s pivot from GDP obsession sparks cadre confusion, tests local governance

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US-China trade war

After Trump’s tariff setback, will US firms rush to stockpile Chinese goods?

Two Sessions 2026

China’s leaders outline economic focus ahead of ‘two sessions’ – what to expect

Top officials met ahead of Beijing’s annual legislative sessions, when this year’s growth target and five-year plan will be unveiled.

Beijing is gearing up for the “two sessions”, the annual legislative meetings of China’s two main political bodies – the National People’s Congress and the National Committee of the Chinese People’s Political Consultative Conference. Photo: EPA-EFE
Beijing is gearing up for the “two sessions”, the annual legislative meetings of China’s two main political bodies – the National People’s Congress and the National Committee of the Chinese People’s Political Consultative Conference. Photo: EPA-EFE
Banking & finance

‘Stability risk’: US faces rising concern as global debt soars to record high

Global debt accumulation ‘accelerated sharply’ in 2025, driven by surging investment in the US, China and Europe, report finds.

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Yuan

As the yuan sizzles, China’s central bank deploys double-barrelled policy tweak

Regulators refine cross-border rules and cut the foreign exchange risk reserve ratio for forward forex sales to zero, aiming to provide stable offshore liquidity and help firms manage risks.

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China exports

As China’s firms go global, foreign expertise is becoming a hot commodity

Chinese companies are rushing to hire a range of service contractors to help them expand overseas – from compliance experts to TikTok gurus.

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Many content creators are helping Chinese manufacturers expand their reach on overseas social media platforms. Photo: EPA-EFE
Many content creators are helping Chinese manufacturers expand their reach on overseas social media platforms. Photo: EPA-EFE
Two Sessions 2026

After years of ‘at-all-costs’ growth, China wants cadres to ditch GDP obsession

Five-month campaign seen prioritising social welfare and long-term sustainability over economic expansion, with debt, fraud and vanity projects in crosshairs.

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Banking & finance

China adviser sees bright future for yuan payment system in emerging economies

Former ICBC chairman Chen Siqing says alternatives needed due to risk of financial weaponisation in US dollar-centric world.

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China-EU relations

China-EU trade ties are at a crossroads. Could tech bridge the divide?

A hostile Washington is creating openings for a reset – but deep-seated issues remain, analyst says.

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China-EU relations have suffered in recent years, but the Trump administration’s hostility towards the bloc has raised hopes for a reset. Several high-profile European leaders have headed east in recent months, though deep concerns over China’s export machine remain. Photo: Reuters
China travel

Why China’s travellers spent little, despite rise in Chinese New Year trips

The country logged a record 596 million domestic trips over the extended holiday, but consumers are still reluctant to loosen their purse strings.

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A lion dance troupe performs for tourists during the Chinese New Year celebrations in Bangkok, Thailand. Photo: EPA
A lion dance troupe performs for tourists during the Chinese New Year celebrations in Bangkok, Thailand. Photo: EPA
China technology

China’s tech surge leaves Japan and South Korea trailing in global rankings

Propelled by strategic R&D, China’s tech prowess is now the third highest, with key sectors such as batteries and biotech showing big gains over rivals.

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China trade

Trump’s USMCA exit threat seen pushing Canada into China’s arms

Analysts expect Ottawa to diversify trade as future of North American trade pact remains uncertain, while a US departure would ‘hit Canada like an earthquake’.

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China manufacturing

A boat in every dock? Chinese billionaire unveils plan for mass yacht production

JD.com founder Richard Liu has launched a nautical brand with a massive investment in yacht production, aiming to make ownership affordable.

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Richard Liu’s brand, Sea Expandary, signed a strategic framework agreement on Tuesday with the coastal cities of Shenzhen and Zhuhai in Guangdong, China’s southern powerhouse province, for a high-end yacht industrial base with planned investment of about 5 billion yuan (US$723 million), according to social media posts by the city governments. Photo: Handout
China consumption

IMF urges China to focus on consumption-led rebalancing, curb industrial policy

Global monetary body calls on Beijing to roll out more forceful fiscal stimulus to bolster domestic demand amid record trade surplus.

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Customers check out at a duty-free store during the Spring Festival holiday in Haikou in Hainan province, as the IMF issues an urgent recommendation to China. Photo: Xinhua
Customers check out at a duty-free store during the Spring Festival holiday in Haikou in Hainan province, as the IMF issues an urgent recommendation to China. Photo: Xinhua
Yuan

China’s yuan strengthens to near 3-year high as US dollar uncertainty grows

The offshore currency continues to appreciate, with official fixing also hitting its strongest level since May 2023.

China technology

Shenzhen dethrones Shanghai, Beijing as China’s top industrial powerhouse: mayor

Leading in R&D density, AI innovation and start-up cultivation, Shenzhen is building a full-stack AI ecosystem, according to the mayor’s annual work report.

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China energy security

How China’s 5-year energy plan could change the way it powers its economy

Beijing will prioritise energy security through large-scale projects and greater regional self-reliance, as risks mount at home and overseas.

A worker produces solar modules at a solar energy technology company in Huaian, in China’s eastern Jiangsu province, on December 17, 2025. Photo: AFP
A worker produces solar modules at a solar energy technology company in Huaian, in China’s eastern Jiangsu province, on December 17, 2025. Photo: AFP
US-China trade war

China braces after Trump imposes new global tariff – how will it respond?

Beijing is on alert but signals readiness to engage ahead of high-level trade talks and Trump’s first visit to China in his second term.

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Electric & new energy vehicles

China’s Geely bets on longer-range, faster-charging tech over fresh EV price war

‘We promise to compete based on technology, quality, brand, service and corporate ethics,’ Geely Auto CEO says.

China stock market

China’s top court backs legal action against corrupt firms amid equity rally

The court’s initiative marks ‘a positive sign that the market would sustain its upward momentum’, hedge fund manager Zhou Ling says.

A statue of a bull is displayed outside the Shenzhen Stock Exchange. Photo: Reuters
China consumption

Ne Zha 2 hangover? China’s Lunar New Year box office plunges to 6-year low

China’s holiday box office fell nearly 40 per cent year on year as studios failed to find a breakout hit to match last year’s Ne Zha 2.

People line up to enter a cinema in north China’s Tianjin. Photo: Xinhua
People line up to enter a cinema in north China’s Tianjin. Photo: Xinhua
China travel

Chinese tourism to Japan plunges 50% over Lunar New Year as Thailand cashes in

Thailand was the top destination for China’s outbound travellers over the extended holiday, with tourists avoiding Japan amid rising tensions.

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China trade

US-Indonesia deal threatens China’s ‘entrenched position’ in nickel market: analysts

A new deal gives America unrestricted access to Indonesia’s nickel – and challenges China’s ‘preferential’ position in the market, analysts say.

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China travel

‘Chinese everywhere’: why tourists ditch Tokyo for Seoul as Japan ties sour

Diplomatic row with Japan sent more Chinese travellers packing for Korea, filling its hotels over the nine-day holiday and offering relief to a sluggish domestic economy.

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Visitors wear traditional Korean attire in Seoul on February 17. South Korea saw a sharp influx of Chinese tourists over the Lunar New Year holiday period that ended on Monday. Photo: EPA
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